Copper is facing notable selling pressure from Commodity Trading Advisors (CTAs) as the market's focus moves away from supply concerns related to the Strait of Hormuz. Instead, attention is now on broader macroeconomic challenges and weakening demand, according to FX Street.
TD Securities’ commodity team highlights this shift, pointing out significant CTA selling activity in the copper market. This change reflects growing uncertainty over global economic growth and its impact on industrial metals.
For Japanese investors, who closely watch commodity trends due to the country's reliance on metal imports, this shift underscores evolving risks in the commodities sector amid global economic headwinds.